E commerce business opportunities

Deputy Minister of Industry and Trade Tran Quoc Khanh delivers a keynote speech at a webinar “New Frameworks: RCEP’s Critical Role in Driving Asia’s Digital Economy” on June 22. (Photo: VNA) London (VNA) – The implementation of the Regional Comprehensive Economic Partnership (RCEP)’s e-commerce commitments will help establish a large e-commerce space based on internationally accepted standards with the participation of big economies who are advanced in e-commerce, according to Deputy Minister of Industry and Trade Tran Quoc Khanh. This will facilitate widespread digital connection in Asia, boost trade and economic development, and accelerate digital transformation, he stated in his keynote address at a webinar “New Frameworks: RCEP’s Critical Role in Driving Asia’s Digital Economy ” held by UK-based dependent think tank Asia House and China’s Cheung Kong Graduate School of Business (CKGSB) on June 22. The webinar brought together governmental representatives, senior … [Read more...] about RCEP commitments help establish large e-commerce space in Asia: Deputy Minister

At the event (Photo: VNA) Seoul (VNA) – Vietnam and the Republic of Korea (RoK) need to beef up cooperation and investment in the post-COVID-19-pandemic period, said Joo Si-bo, president of the RoK-Vietnam economic cooperation association, at a conference in Seoul on June 24. Co-organised by the Vietnam Chamber of Commerce and Industry ( VCCI ) and the Korean Chamber of Commerce and Industry (KCCI), the event promoting Vietnam’s business climate took place as part of activities marking the 30th anniversary of the countries’ diplomatic relations. In his opening speech, Joo Si-bo suggested a series of potential fields for bilateral collaboration such as public healthcare, smart city development, the digital economy, and green industries. VCCI Chairman Pham Tan Cong said over the past 30 years the chamber has actively worked with RoK partners, particularly the KCCI, to hold similar events. During the discussions, representatives of Vietnamese and RoK businesses … [Read more...] about Vietnamese, RoK firms advised to team up for post-pandemic recovery

A Viettel staff instructs buyers to use QR code to pay at a wet market. (Photo: VNA) Da Nang (VNA) – Traders at wet markets in the central city of Da Nang are now able to go cashless as they can use e-wallet mobile app Viettel Money under a 4.0 wet market model introduced on April 8. The new model was launched by the municipal Department of Industry and Trade and the Da Nang branch of military-run telecom group Viettel, aiming to accelerate digital transformation and use of the non-cash payment method at the city’s wet markets and provide more opportunities for local residents to experience modern payment services. Owners of over 1,000 stalls at Da Nang’s three major wet markets – Con, Han and Dong Da – have been provided with a QR code enabling users to make online payments through access with 37 banks and Viettel Money . As payments now only require scanning of the QR code, with no cash nor changes involved, they become very fast and convenient, said Khuc … [Read more...] about Wet market 4.0 model launched in Da Nang

Movitel, the telecommunications network of Viettel in Mozambique. There is significant room for Viet Nam and Mozambique to increase trade and investment cooperation. — Photo vneconomy.vn Mozambique could act as a gateway for Vietnamese businesses to penetrate member countries of the Southern African Development Community (SADC), President of the Mozambican Assembly Esperanca Laurinda Francisco Nhiuane Bias said at a meeting with representatives of the Vietnamese business community in Ha Noi on Tuesday. Held by the Viet Nam Chamber of Commerce and Industry (VCCI) and the Mozambique Embassy in Viet Nam, as part of the President of the Assembly's visit to Viet Nam, she called on Vietnamese enterprises to invest in tourism, mining, energy and agriculture, in which Mozambique has potential. She stressed the African nation had established a portal providing information for both private and state-owned firms to support investors. She suggested that Vietnamese and Mozambican … [Read more...] about Mozambique could be gateway for Vietnamese firms to access southern Africa

Occupying the third floor of the grade A Capital Place building, 29 Lieu Giai, Ba Dinh, Hanoi, and attaching the flagship Thang Long branch on the ground floor, the new head office brings together three existing offices across Hanoi into one place for seamless operations and better client service. It features an open-plan office, creating a spacious and comfortable working environment for its employees, and applies technology to optimise office spaces and usability. “Vietnam is an exciting and dynamic market and an important part of our global footprint. It’s great to see our business grow from strength to strength, offering an innovative suite of solutions for consumers and businesses, while contributing to the sustainable development of the Vietnamese economy. Deeply committed to Vietnam, we will continue to grow with the country and make a difference for its people and community.” said Patrick Lee, Cluster CEO, Singapore & ASEAN Markets (Malaysia, Vietnam, Thailand … [Read more...] about Standard Chartered launches new Head Office in Hanoi

Role of press highlighted in promoting development Nguyen Thu Lan, a consultant from a Hanoi-based US-invested investment consultancy firm, two weeks ago completed a digital transformation report for the firm’s three potential American clients, who are exploring Vietnam’s investment climate. Lan had to seek information from many sources for the report, including local newspapers. She also found detailed information on Vietnam’s macroeconomic situation and digital transformation in VIR, which features a new hallmark scheme from the government on supporting industrial enterprises in smart production development. Lan said, “I am very happy as I had been seeking such information for months. More importantly, such information was cited from an original source,” she said. Under the draft scheme, expected to be enacted by the government soon, just over one-third of Vietnamese businesses will implement digital transformation effectively by 2025, and the rate will increase to 85 per … [Read more...] about Role of press highlighted in promoting development

Viet Nam's consulate-general in Australia Nguyen Dang Thang speaks with participants at the event. — VNA/VNS Photo Nguyen Minh More than a hundred businesses from Viet Nam and Australia gathered for a trade and investment promotion event organised by the Australia Vietnam Business Council (AVBC) in Sydney, Australia. Speaking at the event, AVBC President Kiem Dinh said the Australia-Vietnam Enhanced Economic Engagement Strategy, signed in December last year, reaffirmed the two countries' commitment to strengthening ties and sustainable economic development. Viet Nam's consulate-general in Australia Nguyen Dang Thang said Viet Nam-Australia relations have been built on a foundation of mutual respect and understanding, common interests and similar views on international events. The two countries have been and will stay committed to an open trading system and have ratified a number of regional and international trade agreements including the Comprehensive and Progressive … [Read more...] about VN-Australia to further boost trade and investment ties

Speakers at a conference titled ‘UK Market: Unlocking great potential by leveraging advantages of the UKVFTA’ held in HCM City on Thursday. — VNS Photo Bồ Xuân Hiệp HCM CITY — Việt Nam has emerged as a major Southeast Asian supplier of farm produce and aquaculture products to the UK following the UK-Vietnam Free Trade Agreement (UKVFTA) they signed, speakers said at a conference on Thursday. Speaking at ‘UK Market: Unlocking great potential by leveraging advantages of the UKVFTA,’ Oliver Todd, British consul general in HCM City, said Việt Nam could replace other countries such as India and Indonesia as a major supplier of agricultural and aquaculture products to his country. Todd, who is also director of UK Trade and Investment in Việt Nam, said Vietnamese exporters should be well prepared if they want to boost exports to the choosy market. It is important to learn about import demand and standards and requirements for exporting to the British market, he said. Chris Milliken, … [Read more...] about Việt Nam becomes major supplier of farm produce to UK

Illustrative image (Source: baodautu.vn) Hanoi (VNA) – A workshop themed “Vietnam as your Green business opportunities destination” was held by the Belgian Vietnamese Alliance (BVA) and the Flanders International Technical Agency (FITA) in Brussels on June 22 to introduce Vietnam’s potential in renewable energy and sustainable port development. Addressing the event, Vietnamese Ambassador to Belgium and Luxembourg Nguyen Van Thao said that although the world in general and the two regions of Asia and Europe in particular have seen positive signs of a “new normal” period after two years of being hit by COVID-19, the global economic environment has remained fragile due to various factors, including geopolitical uncertainties, new variants of the SARS-CoV-2 virus, severe disruption of supply chains, pressures from rising inflation, as well as the challenges in sustainable development and the unpredictable impacts of climate change. As a coastal country that suffers regular … [Read more...] about Vietnam, Belgium seek stronger partnership in renewable energy, port development

At a working session with the delegation, Governor of Monagas Ernesto Luna committed that the state authorities will establish working groups to increase contact with the embassy in connecting Vietnamese and Venezuelan businesses and promoting specific cooperation and investment projects. For his part, Duyen lauded Monagas’s achievements in politics, economy, and culture and vowed to foster commercial ties between the two nations in general and between Vietnam and Monagas in particular based on their traditional solidarity and friendship. He highlighted his wish to expand Vietnam’s agricultural cooperation project to Monagas following its success in Guárico state. During the trip, the embassy held a workshop to promote the trade of key Vietnamese products with the participation of local leaders and about 40 officials and businessmen. After introducing Vietnam’s socio-economic development achievements after 35 years of Doi Moi (Renewal), Duyen said there are abundant … [Read more...] about Vietnam steps up cooperation with Venezuelan localities